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, the weather. >> breaking news regarding the negotiations on the fiscal cliff. according to the associated press, the contour is of a deal are emerging that would raise tax rates on couples making over $450,000 per year and would raise the estate tax rates and extend unemployment benefits for one year. all this according to officials familiar with negotiations. an australian surfer is counting his blessings after a close call. let's roll video while we talk. there is. a shark attacked him just feet away from the shore. a seven-foot shark. a guy lost a finger recently. >> a different guy? >> a different one. how is it looking? pretty decent today, partly sunny this afternoon, highs in the mid 30's. a little light rain and snow possible this evening, but more likely tomorrow. >> we will take it for the end of the year. we will see you back here for "good morning washington"on we
that fiscal cliff. without a deal before midnight, americans will be bringing in this new year with sweeping tax hikes and swing -- a tactic -- and cuts. >> >> t . >> i hope that they can work together and realize that this is affecting everyone. >> both chambers will reconvene this morning at whichthat they k together and realize that this is affecting everyone. >> both chambers will reconvene this morning at which point, there are just 12 hours left until this deadline. >> whatboth chambers will recone this morning at which point, there are just 12 hours left until this deadline. >> what are lawmakers working on today? >> we understand that senator harry reid, the majority leader, will what are lawmakers workingn today? >> we understand that senator harry reid, the majority leader, will reintroduce the pre fiscal cliff, maryland would be hit hard with hundreds of millions of dollars and tens of thousands of jobs lost. >> if america falls off that fiscal cliff, maryland would be hit hard with hundreds of millions of dollars and tens of thousands of jobs lost. >> good morning, in marylanee h
the effects of the cliff on january 4 when the new congress is in town. >> if america does fall off the fiscal cliff, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. sarah sampson continue our coverage. >> maryland has very strong ties to the federal government. lots of federal workers and businesses that rely on the federal workers. all of them are keeping a close eye on negotiations. according to a report earlier this year by the state department of legislative services, maryland stands to lose 53,000 jobs in 2013 if lawmakers cannot come to an agreement. the state will also lose tax revenue estimated at about $260 million for 2013. if the cuts go through, the state will lose $117 million in federal funding for 2013. that is money the state has already factored into its budget. >> it is gone to affect social service programs -- it is going to affect social service programs as well as some of our defense contractors in maryland. it is going to adversely impact our low income households as well as some of our higher and households. >> the first t
the fiscal cliff, last second deal is it possible? kim kardashian and kanye west expecting a baby. new year's eve preps and the new york giants open their hearts to the families of newtown, connecticut. >>> very good morning to you. nice to see you this morning. we begin with secretary of state hillary clinton in the hospital. clinton was admitted to new york presbyterian hospital after a blood clot stemming from the concussion she sustained. cloth was discovered during a followup exam on sunday. she's being treated with blood thinners and doctors will monitor the medication over the next two days. the 65-year-old clinton fell and suffered a concussion and fainted while home alone in december as she recovered from a stomach virus. clinton had been planning to return network this week. >>> it is crunch time on capitol hill. senate and house negotiators have a few crucial hours left to come up with a compromise to avert the looming financial mess. if they don't here's what will happen. everyone's tax rates will go up. $1.2 trillion in federal spending cuts kick in. the payroll tax holiday ena
'll know if there's a deal on the fiscal cliff or not and what either outcome means for you and your money. we'll talk to sheila bair, former fdic chairwoman. and texas congressman lloyd daggett. so much to talk about tomorrow. i certainly hope a deal has been done. >> nice to work with you. >> are you going to go to times square? >> i'm going to run the park. 2013 starts with a run. i conned my wife into it as well. she'll join me. >> happy new year to you. >> cnn newsroom with suzanne malveaux begins now. >>> happy new year. stories we're watching now. hours by hour, inch by inch, the nation sliding closer to the fiscal cliff. we'll have more on this morning's negotiations and what we'll lose if those talks fail. and workers in some states may see a pay raise but may not notice much of a difference. >>> guns are flying off the shelves after fears of a ban on assault rifles following the sandy hook massacre. we're live at the white house with the latest details. plus this. >> reporter: i'm alina cho in times square, where just hours from now new york will host what is arguably the biggest
the deadline. abc news washington. >>> for more on the fiscal cliff and what it means for your money, we've got you covered, abc2news.com, just head to our home page slide show for a break down of the different scenarios in washington and what they could mean for your paycheck. >>> and now, maryland's most accurate forecast. >>> gusty winds this afternoon. take a look. a shot that looked very cold in parkville with those clouds, from time to time, mixed in with some sunshine. take a look at chesapeake beach, very gusty winds now along the bay this afternoon. we'll take you up toward frederick, a scenic looking shot and the shot downtown right now, dry but cold. 31 degrees at the airport right now. look at the dew point at 19. a dry atmosphere, but still that westerly wind at 9, making that 31 feel like it's into the 20s in many locations. take a look at temperatures across town, go outside the beltway, eldersburg 28 degrees. and elkton, temperatures alternate 33. well into the 20s. but you'll trade that off with low 20s tonight. still the wind coming off the mountains right now. between 5 to 10
begin this morning with a new effort to avoid the fiscal cliff. it's an 11th-hour attempt to reach a deal. but lawmakers are not optimistic. >> wendy gillette is here with the latest. good morning, wendy. >> reporter: good morning, president obama will meet be lawmakers this afternoon. time is running out with no deal in sight. president obama will meet with congressional leaders later today at the white house. but it may be too late for a deal. there's just four days left before the fiscal cliff deadline. >> i have to be very honest, mr. president. i don't know, time-wise, how it can happen now. >> reporter: senate majority leader, harry reid, lashed out at house speaker, john boehner, accusing him of running a dictatorship. >> john boehner seems to care more about his leadership than keeping the country on a secure footing. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vac
:06. president obama flew back to washington from hawaii overnight to work on the plan to avoid the "fiscal cliff." cbs reporter tara mergener says congress remains gridlocked and fewer americans expect any progress before the new year. >>> reporter: senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the "fiscal cliff." higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many parts of the country, in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. >> good morning? >> reporter: house republicans scuttled the proposal from speaker john boehner last week
america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case. we still have a few days left. a white house official told me that there have been no progress over the last couple of days, but an aide to senator harry reid told me there's still a 50/50 chance we get a mini deal that would put off the effects of the cliff at least temporarily and a 50/50 chance of that happening before january 1st. so even though there's a small number of days, sometimes the urgency of a deadline forces lawmakers to overcome differences they can't overcome otherwise. >> remind us, john, a mini deal is composed in the senate but still has to pass through house republicans and boehner or not? >
by rob jackson. redskins into the playoffs. rg3. maybe he can solve the fiscal cliff. >>> and all that matters. >> fireworks lit up sydney harbor, beautiful, as people mark the start of 2013. happy new year. >> on "cbs this morning." >>> chuck pagano back on the colts sideline yesterday cancer free as the colts won 28-16. >> i feel so blessed to be back with you guys in the battle. thank you. thank you so much. captioning funded by cbs >>> welcome to "cbs this morning." i'm norah o'donnell with anthony mason. as we wake up the deadline to the fiscal cliff is just 14 hours ai wa. there's no deal yet, but members of congress are heading back to capitol hill. first, breaking news on the condition of secretary of state hillary clinton. >> she's in a new york city hospital this morning being treated for a blood clot. doctors say it's related to a concussion that's kept her out of the office for the past three weeks. margaret brennan is in washington with the latest. margaret good morning. >> reporter: good morning to you. secretary clinton is taking anti-coagulant to
to prevent the fiscal cliff from happening. but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be cone in time. jonathan karl, abc news, new york. >>> tributes are pouring in for retired general norman schwartzcopf. the general, nicknamed stormin' norman, died yesterday in tampa from pneumonia. he commanded a coalition of some 30 countries that drove iraqi forces from kuwait back in 1991. in retirement, he supported charitable causes and resisting calls to rub for public office. norman schwartzcopf was 78. >>> for the second time this month, a man has been pushed to his death in the path of a new york subway train. last night, a woman shoved the man on the tracks just as the train was pulling into the station on queens. it's not clear if she knew the victim. new york police are reviewing surveillance video recorded on the platform to try to identify the victim and the suspect. >> this is the second time this happened this month. the first one happened in times square. this one happened in queens. i love the fact that new york city has a subwa
to avoid the fiscal cliff. >> it's just four days until a pending financial fiasco that would cost every single american. it's friday, december 28. >> from abc news, this is "world news now." >> good morning, and happy friday. i'm brandi hitt in for paula faris. >> and i'm muhammad lila in for rob nelson. brandi, we made it through the week. still got a half hour left, but we made it and it's been great. >> and then you head back to d.c. today. >> and you're going to l.a. >> so we'll be leaving you. >> it's been a wild ride. >> it's been a lot of fun. >> absolutely. now let's just make it through this half hour. coming up, we're going to hear from the vocal players in washington awaiting today's fiscal cliff negotiations. that is our top story. then we'll remember stormin' norman schwartzcopf, one of the nation's best known warriors. while leading troops to battle, he's lost his battle with pneumonia. >>> blown away by an oncoming tornado. take a look. it was recorded outside an alabama store. and it shows, oh, my gosh, the powerful winds as inspectors assess the damage from the christma
can solve the fiscal cliff. >>> and all that matters. >> new zealand celebrated a few moments ago shooting fireworks into the sky to welcome 2013. >> on "cbs this morning." >>> chuck pagano was back on the colts' sidelines yesterday cancer-free as the colts took care of the texans, the 28-16. >> i'm so glad to be back with you guys. i'm so proud. thank you. thank you so much. captioning funded by cbs >>> welcome to "cbs this morning." i'm norah o'donnell with anthony mason. charlie and gayle are off. the deadline for the fiscal cliff is less than 24 hours away, and there is no deal yet, but members of congress will be back on capitol hill this morning, so we will have all the news from washington in a moment. but first there is breaking news on the condition of secretary of state hillary clinton. >> she's in a new york city hospital this morning being treated for a blood clot. doctors say it's related to a concussion that has kept her out of the office for the past three weeks. margaret brennan is in washington with the latest. margaret, good morning. >> good morning to you. secre
suggesting that the fiscal cliff trade here whenever you get bad news from washington is buy the dollar as a safe haven. you're going the other way here. >> right. well, i think there's going to be some battles. i think most of the market feels you will get forward movement when congress comes back. you're going to get a very watered-down plan to punt this forward. that's something i've been telling clients for about three months. that's my expectation, punt forward, but not going to be very pleasant. >> good to see you, andy. hope you had a good holiday. andy busch with "money in motion." catch currency trading on friday at 5:30 p.m. eastern. if you want more education about currencies, go to currency class at money in motion.cnbc.com. >> an article in today's "new york times" finds once traditional dating priorities like having a good job, physical chemistry, may not matter if your credit score is less than attractive. the "times" interviewed more than 50 daters all around the u.s. they were all under 40 years old. brings us to this morning's squawk on the tweet. what's the most impor
to another recession if president obama and congress fail to find a way to avoid the fiscal cliff of tax increases and spending cuts that will take effect january 1. the president is returning to washington this morning, cutting short his holiday vacation. however, with only five days before the fiscal cliff deadline, no new negotiations have been scheduled. and adding to the pressure, treasury secretary tim geithner says the country is on track to hit its borrowing limit on monday. >>> and former president george h.w. bush has been moved to the intensive care unit at a hospital in houston. he's in guarded condition because of a stubborn fever. mr. bush who is 88, has been hospitalized for more than a month now, trying to recover from bronchitis. >>> you think you pay a lot to park. not compared to folks in chicago. it's going to soon cost $6.50 per hour. that's like 10 cents a minute at a meter downtown. after the rate goes up 75 cents in the new year. >> in quarters? >> yes, quarters, you can also use a credit card. >> who carries $6.50 in quarters? >> you can use a credit card, you gu
the kron 4 news station, this is the kron 4 news. >> grant: now at 5-30. the "fiscal cliff" deadline is five days away. and there is no deal in sight to avoid automatic tax hikes and spending cuts. tonight - our poltical analyst michael yaki is here to break it down for us. but first - kron 4's justine waldman is stading- by to get us up to date on what is happening.justine. >> we have just learned that on friday, congressional leaders will meet with the president to discuss the fiscal cliff standoff. there is no legislation pending in either the house or the senate to avoid going over the cliff. and the converstations about it. continue to be confrontational. time is running out to reach an agreement to aviod the fiscal cliff. if there's no deal, taxes will go up and spending will be slashed. some warn that combination could spark another recession. with no deal in sight, president obama left hawaii and returned to the white house. his team disputed reports that the president is sending lawmakers a scaled- down plan to avoid the "fiscal cliff." the u-s senate is back in session. dem
, cutting short his holiday vacation. however, with only five days before the fiscal cliff deadline, no new negotiations have been scheduled. and adding to the pressure, treasury secretary tim geithner says the country is on track to hit its borrowing limit on monday. >>> and former president george h.w. bush has been moved to the intensive care unit at a hospital in houston. he's in guarded condition because of a stubborn fever. former president bush has been in the hospital for more than a month trying to recover from bronchitis. >>> you think you pay a lot to park. not compared to folks in chicago. it's going to soon cost $6.50 per hour. that's like 10 cents a minute at a meter downtown. >> in quarters. >> you can also use a credit card. >> who carries $6.50 in quarters? >> you can use a credit card, you guys. >> makes perfect sense. >> but they have the dubious distinction of having the most expensive parking meters in chicago. so, congratulations, chicago. it's a lot of money. >>> but at least this won't happen to your car if you fail to pay. this is in russia, you guys. this is a mass
the fiscal cliff. the latest on today's talks on capitol hill. >> catherine: in bay area news. there are new charges tonight in a brutal home invasion crime in san francisco december 9th. a man was killed - and a woman beaten. prosecutors say 6 people - including catherine uong - also known as "killer" - forced themselves into the victims home. shooting the man and leaving the woman for dead. the defendants are set to appear in court in january. >>> new york city police are looking for the woman they say shoved a man in front of an oncoming subway train last night. the man was killed. police in new york released this sketch of the woman. she was also seen on security video - running from the station. witnesses say she had been pacing the platform and talking to herself. the man who was killed has been identified as 46-year- old graphic designer sunando sen ...of queens >> jacqueline: it is raining over the bay bridge toll plaza and we will try call on it is going to last. . track how long it is going to last... ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barkin
: in the new year, i think they come to some resolution of the fiscal cliff. we are looking forward to another year like we had. 2% growth are a little less. the prospects this quarter were impaired by the cliff, and we expect that to go forward into the next quarter. host: the president coming into town tonight, and the congress tomorrow. realistically, what do you think will happen? guest: i do not think a lot will happen and i think we will go over the cliff. i am an economist, not a politician. i do not believe that the republicans will give the president merely a tax increase on people over $250,000. there are not able to push that through the house with some spending cuts. that does not seem to make much sense. host: peter will be here for 40 minutes taking your calls and tweets about the u.s. economy. we continue to take a look at economic matters. our guest recently wrote about the debt limit. the headline in "the boston globe" -- do you agree with that sentiment? guest: i would hope it would not threaten the economy again. it is all bound up in this issue of curbing government spendi
of ar15 ammunition magazines have been told in the last three days. >> >> fiscal cliff talks, without a deal, automatic tax hikes and spending cuts would kick in january 1st, affecting almost all americans. democrats and republicans insist they are committed to reaching a deal. congress returning to washington the day after christmas. senator from hawaii, laid to rest. president obama and the first lady attended the memorial service. he was the first japanese american elected to both houses of congress and the second largest serving u.s. senator. he was 88 years old. >> back here in maryland a police shooting in baltimore county, a police officer opened fire, killing a man who had a knife. that's where derrick is tonight with the details. >> reporter: police say the officer was acting in self- defense when he confronted and shot a suspicious man he found back here behind this gas station. it all started with an officer on routine patrol as he passed the shell gas station at ed monton around 3:45 in the morning. he noticed a suspic
one is avoiding the fiscal cliff. >> unless the president obama and congress can reach a deal by the new year, tax increases and spending cuts will take deep effect. >> president obama's re-election was one of the biggest political stories of the year. >> with the first of our year enders, here's abc's karen travers. >> reporter: president obama had to overcome a well funded opponent, struggling economy and voter doubts that he had the right agenda to turn the nation around. and after a roller coaster season, he got them. mitt romney may have started off at the front runner, but to win the republican nomination, he had to fend off some feisty challengers. >> he's the worst republican in the country to put up against president obama. >> reporter: and overcome some self-inflicted wounds. after 50 primary contests, romney clenched the nomination and it was on to the general election. >> it will be a choice between -- >> two very different paths. >> reporter: their battle focused on the economy. >> we can't afford another four years like the last four years. >> we need more tax cu
that fiscal cliff, will there be a deal? also tonight, an abc news exclusive. barbara walters at the white house. asking michelle obama if she'll run for office next. and a personal question, too. >> how do you keep the fire going? >> hmm. that's a good question. >>> made in america. the great christmas challenge. >> i know, i know your show. >> she knew, and so did thousands of others. tonight, the big reveal. the videos you sent in, the made in america gifts you put under the tree. and the ones that didn't fit. >> merry christmas, david! >> how you're creating joy and jobs this christmas. >>> and caught on tape. the adorable pet dog stolen, about to be sold. you won't believe what happened next and what we witnessed today. >>> good evening on this wednesday night. and we hope you had a merry christmas. diane has a few more nights with her family, and what a night to stay indoors. across much of this country tonight, a massive winter storm and already, the ripple effect being felt coast to coast. the monster storm system stretching from indiana to maine, all the way to north carolina. mor
new year may end up going over the "fiscal cliff" with the rest of us. >> we are a few days away from the deadline. we have heard a lot about this over the last few weeks but cbs 5 reporter grace lee tells us about another downside that has to do with milk. >> reporter: if we can go over the price of milk will go up significantly because a farm bill that's about to expire and the closer we get the more likely that political analysts believe that we will go over the "fiscal cliff." so by next week could you start seeing your grocery store bills skyrocket and your paychecks plummet. the president is inding his hawaii have a -- ending his hawaii vacation early and returning tonight. >> wonderful to see all of you. merry christmas to everybody. >> reporter: congress is also coming back from a winter break tomorrow. and time is ticking down on the "fiscal cliff" clock. >> not likely to make a deal before the 1st. >> reporter: cbs 5 political analyst joe tuman says this is washington politics at its worst. >> the only thing that's going to force both sides to negotiate is going over the dea
's a member of the bipartisan so-called gang of eight that tried to negotiate a deal to avoid the fiscal cliff. he's due in court january 4. >>> mitt romney's son is making news after an interview he gave to "the boston globe" this weekend. tag romney, who played a major role in the campaign said "he wanted to be president less than anyone i've met in my life." he also said his dad had no desire to run again after falling short in 2008. but was pushed into it by a weak republican field. >>> to the weather now. meteorologist chuck bell is here, talking about some rain for christmas eve. chuck, is it going to be all rain or will some of it be of the frozen variety? >> jim, that is the $64,000 question. i think most locations, especially north and west of i-95, will see at least some small amount of sleet. the steadier sleet will be well out to the north and west, in the mountains of west virginia. the moisture is coming out of the deep south and it's reached as far north as the kentucky and north carolina and tennessee boarders with virginia. this is all inbound rain. it's not going to get here
of the popcorn. >>> first, new details on the last-ditch effort to avoid the fiscal cliff. the president is meeting with top lawmakers today at the white house. >> underscoring that urgency, house speaker john boehner says the house will meet in a rare sunday session. abc's bradley has the story from washington. >> reporter: it may already be too late. days before the fiscal cliff, and with the house of representatives out of town until sunday, senate majority leader harry reid admitted a deal seems unlikely. >> i have to be very honest, mr. president, i don't know time wise how it can happen now. >> reporter: in a scathing attack, reid called house speaker john boehner a dictator, and blamed him for letting members stay home with no deal in sight. >> we are here in washington, working. while the members of the house of representatives are out watching movies and watching their kids play soccer and basketball. john boehner seems to care more about keeping his speakership. than about keeping the nation on firm financial footing. >> reporter: the republican leader responded saying it's dem
the fiscal cliff. why? after january 1st, when everyone's taxes go up, the new congress sworn this on january 3rd could vote to cut taxes. a much easier vote to cast for republicans as well as some democrats. as for the president, is he nhe scheduled to leave his family tonight, come back to washington tomorrow morning, in the hopes of helping his fellow democrats try to find enough republicans to pass his plan. but of course this goes without saying that was a plan that most if not all republicans campaigned very strongly against. >> the most likely scenario is actually did go off the cliff now. ryan liza is our correspondent from washington. you look at this and we're hearing echos of the past. the republican speaker from the house of representatives said, and i have it here somewhere, i don't want to be critical of john, meaning john boehner, but if you don't ever bring something to the floor without the votes. so this is what happened last thursday night where he brought this bill to the floor, his plan b, and it went nowhere. was that a major miscalculation for him? >> it was. look, denn
on the fiscal cliff. not yet. >> lawmakerks not find common ground, and we will all be paying taxes come tomorrow. it is monday, december 31. >> from abc news, this is "world news now." >> good morning, everybody, i'm john muller in for rob nelson. >> good to have you here. >> great to be here. >> i'm paula faris. a little later this morning, lawmakers are going to make a last-ditch effort to make a compromise. here's the latest on the talks in just a moment. but first, a look at some of the other stories. a health scare for hillary clinton. the secretary of state is hospitalized this morning after doctors discover a blood clot. we'll have the latest on her condition. >>> also this morning, a different kind of contract for a young iphone user, what this teen's mom is making him agree to before he's allowed to talk or text. >> i think it's fantastic parenting by the way. >>> a huge weekend in nfl action. the bitter end for some teams. >> yeah. >> bears. and the beginning of playoff hopes for others, who's out, who's in, who shouldn't be. fantastic details. >> bears and giants are both out
on the race to avoid the fiscal cliff. lawmakers hope to make progress today as the clock winds down. good morning washington begins right now. live and in hd, this is "good morning washington," on your side. captioned by the national captioning institute --www.ncicap.org-- >> good morning, washington. it is monday, december 31, new year's eve. cynne simpson has the day off. let's get to jacqui jeras. cold temperatures to finish off 2012. >> it is. it still feels warm and fuzzy after the redskins victory. you're supporting that nice victory tied there, scott. our weather had line for today a pretty decent day overall. the crowds will be on the increase slowly throughout the day. temperatures, we will be at or just above the seasonal averages mid 40's. we have changes on the way, with a light rain and snow max expected for your new year's day. nothing should impact your troubles. our temperatures this morning in the '20s and a few 30's. we have 30 at reagan national. 24 at dulles. 21 in culpeper. our express forecast, looking for the clout to move in. that is the latest on your forecast. we
are growing with the fiscal cliff just six days away. a new poll finds 50% of americans think president obama and congress will reach a deal in time but that number has dropped in the past week. president obama plans to cut short his family vacation in hawaii leaving for washington late tonight. yesterday, he spoke to troops at a marine corps base in hawaii. >> on behalf of michelle and myself and our whole family we do this every year. this is where i was born so we come back for the holidays but one of our favorite things is always coming to the base on christmas day and having a chance just to meet you, those of you who have families here and to say thank you for the extraordinary work and service that you guys do each and every day. >> chip reid is in washington with more on the budget talks. chip, good morning. >> good morning, rebecca. as you mentioned, the president plans to cut short his vacation in hawaii and fly back to the white house later tonight, arriving about noon thursday. here in washington there has been no communication between republicans an
of superstorm sandy. investors are still concerned about the looming fiscal cliff. >>> blizzard warning in up to six states. in arkansas the national guard has been called to provide ambulance service for residents. heavy snow and strong winds will lead to whiteout conditions across the ohio river valley. the heaviest snow is expected to move into western pennsylvania and new york state this afternoon. >>> hundreds of american families wanting to adopt russian children may have their dreams dashed. they have given final approval for a ban on such adoptions, seen as payback for a recently signed u.s. law imposing travel and financial restrictions on human rights abusers in russia. >>> there are six days left until the u.s. crosses over the so-called fiscal cliff. in case washington doesn't make a deal we're doing our best to get you ready. every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >
because of the budget and the fiscal cliff, hurricane and school shooting. and now, many retailers are stuck with inventory that they really need to clean out. >> they've got new merchandise that's coming in right behind it. and they recognize it's really now about recouping what sales they lost from the lack of excitement. so, look for the sales to carry through for most of january. but not much further than that. >> cohen says the biggest discounts will be on cold-weather merchandise because winter arrived late this year. >>> top economists feel housing will be one of the bright spots on the economy next year. mark zandi of moody says better housing will continue to improve over the next three to four years, with better sales, more construction and higher prices. last month, existing home sales rose more than wall street expected, almost 6%, reaching the highest level in three years. >>> more homeowners in trouble may also be getting some help. "the wall street journal" reports the obama administration is thinking about expanding its refinancing program. borrowers whose mortgages
number one is avoiding the fiscal cliff. >> unless the president obama and congress can reach a deal by the new year, tax increases and spending cuts will automatically take effect. >> and the clock is ticking. >>> of course, when we look back at this year, president obama's re-election was one of the biggest political stories of the year. all others, you could say, they pealed in comparison. >> with the first of our year-enders, here's abc's karen travers. >> reporter: to win a second term, president obama had to overcome a well funded opponent, a struggling economy, and voters' doubts that he had the right agenda to turn the nation around. [ chanting ] >> all: four more years! >> reporter: and after a roller coaster season, he got them. mitt romney may have started off at the frontrunner, but to win the republican nomination, he had to fend off some feisty challengers. >> he's the worst republican in the country to put up against barack obama. >> the odds are very high i'm going to be the nominee. >> reporter: and overcome some self-inflicted wounds. >> i like being able to fire pe
this afternoon in hopes of reaching a deal to avoid the fiscal cliff. redskins fever heats up in the d.c. region. local businesses and fans and the team during up for one of the biggest gains in years. "good morning washington" at 5:00 a.m. begins now. >> live and in hd, this is "good morning washington," on your side. >> good morning, washington. it is friday, december 28. 5:00 a.m. now. i am scott thuman. cynne is off today. we begin with jacqui jeras with the weather. everybody wants to know the football forecast. >> no problem. today will be great. sunday will be pretty good. it is tomorrow to worry about if you are trying to travel. snow will be moving in, but it will not be a major storm. 37 degrees this morning in d.c., 34 at dulles, 36 in manassas 30 and in fredericksburg. there is a winter weather advisory issued ahead of the storm in the highlands, northern ireland, west virginia. 4 + inches could be expected especially along the ridgetops. -- winter weather advisory issued ahead of the storm in northern maryland, west virginia, in the highlands. highs today around 40 degrees. now, ste
on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come together" on coffee cups to encourage compromise. >>> hawaii's democratic governor will replace daniel inoue to represent the state of hawaii in washington, d.c. inouye died of respiratory complications last week. on the day he died, the late senator wrote to the governor asking for representative colleen hanabusa to replay him. she made it to the final round of considerations but didn't win that nomination. >>> former president george h.w. bush is in intensive care at a houston hospital with a fever and lingering cough. mr. bush was admitted to the hospital more than a month ago with bronchitis. he was moved to icu sunday. a bush family spokesman says t
to avoid the so-called fiscal cliff. john boehner has not called members back to d.c. yet. we will get a live report on that. be sure to check out our "news nation" page and find all kinds of behind the scenes pictures at "news nation".tumbler.com. new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.88 a piece. >>> another update with six days to go before the nation goes over the fiscal cliff. president obama is due back in d.c. after cutting his vacation short. the house speaker has yet to call his numbers back to work. they are scheduled to return to d.c. tomorrow. we learned today that house members won't be handling any legislative business. one republican aide saying it's up to senate democrats to act right now. let's bring in the correspondent i
: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about, plan b falling apart. now speaker boehner is pointing towards the senate and the white house is pointing towards the senate as a place where we might get bipartisan cooperation. they think they have 10 republican votes for some kind of a plan that the president would propose that democrats in republicans in the senate could get together on and then ask speaker boehner to have a vote on it in the house. that could be a problem for speaker boehner because he could get a bill passed with that splits his republican caucus and put
until we hit the fiscal cliff. the president is cutting short his hawaiian vacation to go back to work. we'll look at whether a deal is likely to get done. >>> and not what people in alabama wanted for christmas. tornadoes ripped through the south. >> i prayed to god as loud as i could and i was just praying for my safety. and i knew that -- i prayed that the church stayed put. rsal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! >>> we told you last hour president obama is spending his last few hours in hawaii before returng early to washington. he's expected to arrive tomorrow, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior congressional correspondent. we spoke last hour. you told us that hour
? >> somebody told me. >> the fiscal cliff hanger in washington, d.c. is our lead item here. with just three days before the deadline. senators working on an 11th-hour deal to try to avoid middle-class tax hikes and deep spending cuts that go into effect on the 1st of the new year. president obama is pushing lawmakers on both sides of the aisle to reach an agreement. >>> and help may be on the way for victims of hurricane sandy. the senate approved a spending bill worth $60 billion. the measure heads to the house where some republican lawmakers are hesitating to approve the bill in the final days of the current session. >>> and in maine, the first same-sex couples are legally exchanging vows today. the new law legalizing same-sex marriage went into effect at midnight, 12:01 a.m. today. some ceremonies were held overnight. same-sex marriage became legal in maryland on tuesday. become legal on tuesday. >>> and finally, talk about living on the edge. in massachusetts, several homes on plum island are in danger of plunging into the atlantic ocean. thursday's storms and pounding waves are threate
of going over the fiscal cliff. we showed you aá](ny calculatoro help you estimate how much your taxes will go up. we'll take a look at how spending cuts will impact californians, in the bay area. >> mark, thank you. >> our other top story is the weather. another storm system hitting parts of the bay area, reservoirs are now at capacity because of the rain. >> here is a live look from our camera. looking north at the bay, and you can see there is cloud cover there. sandhya patel is tracking the storm's path on doppler 7 hd. >> i want to show you where sit raining now. not everyone is seeing moisture reaching the ground. as we take a look, you'll see where the moisture is actually reaching the ground. it's in the north bay. as we look from clover dale towards yu kaia, we're seeing light to moderate rain, eastside road taking you down to street level here, highway 101, there is some more moisture out here, but before we goat that, let's take you in tighter here, and you'll see that like i said, not all of this is reaching the ground. some is what we call verga. this is likely reaching he
on a plan to avoid the so- called "fiscal cliff." but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is gettingismy for an agreement. its employees are writing "col together" on coffee cups in d.c. to try to encourage compromise. >>> hawaii's lieutenant governor brian shots will replace the late democratic senator daniel inouye who died of respiratory complications last week. on the day he died he wrote to the governor asking for a female representative to replace him. she made it to the final round of consideration but did not win the nomination. >>> and former president george h.w. bush is in intensive care at a houston hospital with a fever and cough. mr. bush was admitted to the hospital more than a month ago with a bad case of bronchitis. he was then moved to the icu this past sunday. a bush family s
off the fiscal cliff. president is flying back to washington tonight unconcern what kind of deal making possibles he will find when we will come back. republican leaders made no decision about when to call their members back nor it is clear what kind of deal, if any, they will have to vote on. a lot of digging tonight for cnn's dana bash. i know we don't have any decisions out of the call but do question have a sense what republicans are telling speaker boehner? how likely are we to see a vote in time to avoid going of the cliff? >> it is in part the reason why house republicans didn't make a decision to bring the house back or when to do it. the ball is in the senate's courts especially with senate democrats. that has changed big time since a few weeks ago. at this point what they are trying to figure out is whether or not they can find enough republicans to cross party lines for what the president proposed right before he left for hawaii which is a scaled-back bill focusing on tax cuts and on what he campaigned on which is only keeping the cuts in place for those making over $2
some of the spending cuts that are part of this so-called fiscal cliff. republicans want to see more deficit reduction. democrats say that could come later, but this would be a smaller plan. there are really some serious differences and not a lot of time left. congress has created its own deadline to this so-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some constructive movement but then there's this chasm we keep hearing about. is there a chance for a deal? >> i think -- i want to say yes, there's a chance for a deal! they're not that far apart. it really depends on the political motivations of the people at the negotiating table. you think about joe biden and mitch mcconnell, mitch mcconnell is totally looking at this through a political lens, what is in the best interest of republicans in his view? from what i understand in his view he thinks what's in the best interest of the republican party is getting the tax issue off the
tone from some in congress sunday on reaching a deal with the white house to avoid the fiscal cliff. president obama and congress are on christmas vacation. it will be thursday before talks will resume to try to prevent automatic tax hikes and spending cuts from taking effect january 1st. andrew spencer has the latest. >> this is the first time that i feel that it is more likely that will go over the cliff that not. if we allow this to happen it will be the most colossal consequence so act congressionally. this will be very irresponsible. >> president obama stated that he will cut his vacation short to try to handle this. the deadline is just a week away. >> a programming reminder to catch dr. phil right after the kron4 morning news at 10:00 a.m.. we will be right back. oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this butto
president obama says that he'll come back early to washington to work on n the fiscal cliff. lawmakers will rethink and avoid the cliff. there is expected to be slight economic improvement which is good news for energy consumption. fail to go reach a deal would mean tax hikes. oil prices dropped earlier this week over concerns about the cliff. >>> so much for taking action after the benghazi terrorist attack. exclusive report in the "new york post" reveals punishment for four state department employees who didn't do their jobs are bogus. we're told that assistant secretary of state eric boswell who resigned after a scathing independent report on the attack only gave up his appointed part of his position. not his other duties. he and three other employees put on administrative leave will be allowed back on the payroll. >>> president obama being urged to help avoid a dock workers strike that would shut down more than a dozen east coast ports. business groups and lawmakers say if workers strike, it's going to cost billions of dollars and affect hundreds of thousands of jobs. it could begi
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